Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — Q1 FY2021 Earnings Presentation
20 slides from Sime Darby Bhd's earnings presentation, Nov 26, 2020
Slide 1: FY2021 Results Announcement
FY2021 Results Announcement Analyst Briefing: First Quarter ended 30 September 2020 26 Nov 2020
Slide 2: Group Results
Sime Darby Berhad Group Results
Slide 3: FY2021 Financial Results: Reported Profit
FY2021 Financial Results Reported Profit: Quarter ended 30 September 2020 In RM Million Q1 FY2021 Q1 FY2020 YoY % Revenue 10,877 9,476 14.8 PBIT 447 380 17.6 Finance income 12 11 Finance costs (33) (39) Profit before tax 426 352 21.0 Taxation (120) (93) Profit after tax 306 259 18.1 Non-controlling
Slide 4: FY2021 Financial Results: Core Profit
FY2021 Financial Results Core Profit: Quarter year ended 30 September 2020 In RM Million Q1 FY2021 Q1 FY2020 YoY % Reported PBIT 447 380 17.6 Adjustments • Fair value loss on financial assets (MES) 1 4 • Share of loss/impairment of equity interest in E&O - 16 • Net forex gain on settlement of net in
Slide 5: Segmental PBIT: Quarter ended September 2020
FY2021 Financial Results Segmental PBIT: Quarter ended 30 September 2020 Q1 FY2021 Q1 FY2020 Reported Core PBIT PBIT In RM Million YoY % YoY % Reported Core Reported Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 196 11 197 260 41 264 (24.6) (25.4) Motors 223 - 223 134 - 134 66.4 66.4 L
Slide 6: Regional Contribution: 1Q FY21
1Q FY2021 Financial Results Regional Contribution: 1Q FY21 ended 30 Sep 2020 Revenue Breakdown PBIT Breakdown Australasia, Malaysia, Malaysia, 30% Australasia, 10% SE Asia, 14% 38% 8% SE Asia, 13% China/HK, 44% China/HK, 43% Malaysia SE Asia ex Malaysia China/HK Australasia Malaysia SE Asia ex Malay
Slide 7: Snapshot of borrowing position as at 30 Sep 2020
FY2021 Financial Results Snapshot of borrowing position as at 30 Sep 2020 Long Term vs Short Term Debt Total Debt -17% 4,045 3,362 LT Debt: 1,548 1,438 1,483 110 LT Debt: 1,588 376 ST Debt: 105 2,497 375 2,121 ST Debt: 1,774 1,399 30 Jun 2020 30 Sep 2020 RM3.4bn ST Borrowings ST Leases LT Borrowings
Slide 8: Segmental Results
Sime Segmental Results
Slide 9: Industrial Division
Industrial Division Profits declined mainly due to lower revenue in Australasia Australasia -6.8% 260 -24.6% • Lower mining equipment and parts revenue in 3,996 3,725 Australia following the decline in coal prices. 196 • Terra Cat contributed revenue of RM244m and PBIT of RM2m (acquisition was compl
Slide 10: Industrial Outlook
Industrial Outlook Order book increased by 2% from June 2020 AUSTRALASIA RM2,222m RM2,257m • Cautious outlook as China continues to tightly Order book as at +2% Order book as at control coal imports from Australia. 30 June 2020 30 September 2020 • The Australian government has implemented fiscal and
Slide 11: Motors Division
Motors Division Higher profits in most regions as vehicle sales pick up post lockdown China, HK, Macau & Taiwan +31.2% +66.4% 7,096 223 • Higher profit supported by strong performance of BMW operations and super luxury operations. 5,408 • Higher vehicles sales driven by strong momentum in 134 premiu
Slide 12: Motors Outlook
Motors Outlook Strong recovery in vehicle sales post lockdowns/restrictions 2,236 4,011 3,369 3,811 27,057 Units Sold (Q1 FY2020: 20,428) Units Sold 5,323 Units Sold 3,546 1Q 1Q FY2020 FY2021 10,835 14,354 3,499 Units Assembled (Q1 FY2020: 4,063) Australasia China Malaysia SE Asia MALAYSIA SE ASIA •
Slide 13: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected in Q2 FY2021 BMW 4 Series KIA Sorento FMC China – Nov 2020 Ta i w a n – N o v 2 0 2 0 BMW iX3 Porsche Panamera Facelift China – Nov 2020 A u s / N Z – D e c 2 0 2 012
Slide 14: Logistics and Healthcare
Logistics and Healthcare Logistics – Impact of lower throughput was mitigated by forex gain Logistics Healthcare -6.7% -29.0% Ports 62 15 14 • Port operations registered 6 6 36.5% and 40.2% lower bulk 44 and container throughput, mainly due to stiff Sep-19 competition. Sep-20 Forex • Mainly from tra
Slide 15: Disclaimer
Disclaimer This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do not intend to register any sec
Slide 16: Thank you
Sime Thank you
Slide 17: Appendices
Sime Appendices
Slide 18: 1Q FY2021 External Revenue by Region
1Q FY2021 Results Announcement ended 30 Sep 2020 1Q FY2021 External Revenue by Region In RM Million 1Q FY2021 1Q FY2020 YoY % Industrial Malaysia 230 264 (12.9%) SE Asia ex Malaysia 143 200 (28.5%) China/HK 1,129 1,084 4.2% Australia/NZ 2,223 2,448 (9.2%) 3,725 3,996 (6.8%) Motors Malaysia 1,256 860
Slide 19: 1Q FY2021 PBIT by Region
1Q FY2021 Results Announcement ended 30 Sep 2020 1Q FY2021 PBIT by Region In RM Million 1Q FY2021 1Q FY2020 YoY % Industrial Malaysia 5 12 (58.3%) SE Asia ex Malaysia 7 18 (61.1%) China/HK 58 42 38.1% Australasia 126 188 (33.0%) 196 260 (24.6%) Motors Malaysia 26 36 (27.8%) Singapore/Thailand 26 1 2
Slide 20: Thank you
Sime Thank you